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To: bruinbirdman

2 posted on 10/01/2008 10:44:13 PM PDT by ari-freedom (Let freedom ring!)
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To: ari-freedom
Ari, you know I'm a trader. I'm telling you, and all of Free Republic that, speaking as a trader, there is no way on this planet that the Euro will NOT be lower against the dollar in 90 days' time. And probably lower still in 6 months' time.

I hardly ever post mkt predictions here. This one, however, is inescapably true, barring only some absolutely ludicrously stupid action on the part of the US...or some super-dramatic terrorist action against the US but not against Europe (which, frankly, is the more likely target these days for the jihadi bastards).

Suggest buying March Euro 135 puts and selling March Euro 130 puts against them (called a 'bear put spread'). Cost about $1600 apiece. Would expect to profit by not less than $1000 apiece by January (plus get the capital back into pocket), and could be sizeably more, up to $3600 apiece or so.

6 posted on 10/01/2008 11:01:48 PM PDT by SAJ
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